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Mubawah buys property verticals

B2C. Morocco’s real estate portal Mubawab has acquired Jumia House property verticals in the three markets of Morocco, Tunisia and Algeria. Jumia House is backed by Rocket Internet and operates online classified property portals. Mubawab was itself acquired in 2018 by the Emerging Markets Property Group, of Dubai. “The acquisition consolidates Mubawab’s position as region’s leading real estate website, while providing access to the most promising real estate markets in the Maghreb, with more than 90 million people,” the company said.

EMPG